A significant element of stability returned to oil prices, which greatly assisted Journey Energy Inc. in achieving funds flow of $7.7 million in the first quarter of 2019, up 50 per cent from last year.
May 8, 2019, 12 AM MDT
While Bonavista Energy Corporation is a strong believer in the long-term future of natural gas, the next couple of years could be rough, the company’s chief executive warned Thursday.
May 3, 2019, 12 AM MDT
Baytex Energy Corp. says crude-by-rail will remain an integral part of the company’s egress and marketing strategy for its heavy oil production and the company plans on layering in more contracts as the year unfolds.
May 3, 2019, 10:15 AM MDT
Murphy Oil Corporation says it has reduced the number of wells in the Kaybob Duvernay that it plans to drill and complete this year.
May 2, 2019, 11:42 AM MDT
Following the successful close of the Newfield Exploration Company acquisition, Encana Corporation says it has exceeded annualized general and administrative (G&A) synergies by $25 million and has increased its estimate for the year to $150 million.
April 30, 2019, 9:07 AM MDT
April 30, 2019, 8:41 AM MDT
While the Montney and Duvernay receive the lion’s share of industry buzz, operators in the Cardium play in central Alberta continue to execute their respective drilling programs despite the ongoing challenges facing producers in the Western Canadian Sedimentary Basin.
April 29, 2019, 4:05 AM MDT
Given the outlook for oilfield services in Canada, Western Energy Services Corp. says it has begun establishing well servicing operations in the United States.
April 25, 2019, 7:54 AM MDT
PrairieSky Royalty Ltd.’s first quarter royalty production decreased slightly to 22,007 boe/d from 23,536 boe/d as reduced lessee capital spending and the effects of the Alberta government’s mandatory production cuts affected volumes.
April 23, 2019, 8:53 AM MDT
Pine Cliff Energy Ltd. has entered into an agreement to acquire oil and natural gas assets in the Ghost Pine area of central Alberta for net cash consideration of $8.6 million, after estimated closing adjustments.
April 18, 2019, 9:12 AM MDT
Journey Energy Inc. says it achieved “encouraging test rates” in the first two East Duvernay commitment wells in its joint venture with Kiwetinohk Resources Corp.
April 16, 2019, 8:39 AM MDT
Wayfinder Corp. has started commissioning its new frac sand extraction and processing operation, which it says is now Alberta’s closest regional silica sand facility to the Duvernay.
April 3, 2019, 7:28 AM MDT
InPlay Oil Corp. executed a $50.2 million capital program during 2018, focused on the Willesden Green bioturbated Cardium formation.
March 20, 2019, 7:24 AM MDT
Source Energy Services Ltd. benefitted from record sand sales volumes and revenues in delivering improved year-over-year operating results in 2018 as the increased size and scope of its operations enabled it to better serve completion activity in Western Canada.
March 18, 2019, 6 AM MDT
The Alberta Energy Regulator (AER) has issued recommendations for operators working in the Duvernay in the Red Deer area following a recent seismic event.
March 15, 2019, 9:31 AM MDT
Royal Dutch Shell plc has approximately 1,200 mineral leases with over 1.7 million net mineral acres (2017: 2.6 million revised to 2.1 million).
March 14, 2019, 7:47 AM MDT
Journey Energy Inc. reported a lower net loss for Q4 and the year-ended 2018, but its funds flow declined in both periods.
March 12, 2019, 12 AM MDT
The outlook for Canadian oil production has “significantly deteriorated” and the longer-term outlook looks “more precarious,” the International Energy Agency (IEA) says in its latest crude oil forecast report released this morning.
March 11, 2019, 10:10 AM MDT
Essential Energy Services Ltd. is not finished making cuts to its workforce as it keeps a close eye on the forecast for the rest of 2019.
March 8, 2019, 7:17 AM MST
Freehold Royalties Ltd. experienced an uptick in activity on its royalty lands in 2018 with producers increasing their focus on oil targets.
March 8, 2019, 8:57 AM MST
Alberta’s Wednesday land sale generated $11.97 million for the province, powered by a prospective Duvernay parcel.
March 7, 2019, 6:36 AM MST
Baytex Energy Corp. replaced 106 per cent of total production in 2018, adding 31 million boe of proved plus probable gross reserves through development activities.
March 7, 2019, 6 AM MST
Liquids-weighted Athabasca Oil Corporation achieved a three per cent year-over-year increase in total proved plus probable reserves as higher thermal reserves offset lower light oil reserves.
March 7, 2019, 10:13 AM MST
Baytex Energy Corp. president and CEO Ed LaFehr said that 2018 was a “defining year” for the company as the merger with Raging River Exploration Inc. repositioned it as a high netback light oil company with a stronger balance sheet.
March 6, 2019, 11:42 AM MST
Chevron outlined its drilling plans for this year in the Duvernay.
March 5, 2019, 8:29 AM MST